The invention relates to a preparation agent for dry method urethane elastic fiber spinning. The preparation agent comprises the following components: silicone resin, methyl silicone oil, modification silicone oil, mineral oil and antistatic agent. The preparation method comprises the following steps: 1, silicane chain links(M, X, Y and Z) are mixed and evenly stirred, started, added with acid water at a temperature of 25 DEG C and reacted for 1 hour at the temperature of between 60 and 70 DEG C, stirring stops, after layering, the resin on the lower layer is separated out, the pH value of the resin is neutral by washing, and the resin is subjected to vacuum pumping, temperature rise and dewatering to prepare the silicone resin; and 2, the silicone resin, the methyl silicone oil, the polyether modification silicone oil, the mineral oil and the antistatic agent are placed in a stirring kettle, and evenly mixed at the temperature of between 10 and 50 DEG to obtain. The application of the preparation agent is as follows: the preparation agent is put in a storage tank and transferred to an oil nozzle or roller by an oil pump, and the urethane elastic fiber is directly contacted and oiled. The preparation agent for dry method urethane elastic fiber spinning is transparent liquid, does not contain solid particle components such as hard ester acid magnesium and the like, does not plug pipes and equipment in the oiling process, and does not need power-off cleaning, thereby improving production efficiency.